On the 4 hour chart there looks like there is a Descending Triangle appearing. Which should infer a 8-9% increase in price over the coming days.
like a dope i published this as a private idea. Is there a way i can republish a private idea as public one?
What do you think?
So the first setup didn't play out, but I think this still has legs because my 3 bounce rule is still in just about in effect. I'm predicting a breakout up to the 1.618 after the next bottom channel bounce. Better to wait for confirmation after the upper channel line is broken.
A Client asked me my opinion on a Trade so I thought i would take the time to provide a full mark up and analysis for him on the pair in order to give him the best possible chance of success.
AUDCHF is at a very interesting level, as it is showing potentially multiple technicals in this supporting either a bullish or bearish move, but we must await...
We Consolidate since 1 month and it looks like the BTC sideways are ending. Segwit is on the way and whatever will be the outcome, it doesn't seem that the issue will be resolved without serious trouble on the way.
For me the market is ready for a GLOBAL bearish correction, and a serious BTC price fall should sign the fact that we really engaged into it.
Missed a 45 Pip win on GBPJPY due to my short bias. Trade what you see, not what you think. I have been noticing that I have been missing potential winning trades due to my bias'. On the 4HR GBPJPY still showed sign off upward strength, as it was still creating HH and HL and the MA's were still crossed to the upside. There had also been a confluence with the...
There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle. The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly...
Price is currently at the top of a descending triangle.. my bias is that price will break to the downside. Look for the close on the daily timeframe, if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.
Clear ascending triangle pattern recognisable on daily and weekly timeframes, there is a bullish bias using the 3 drives pattern. With this in mind, and the recent rejection of the lower support line, use a break of the counter trend line to confirm the trade. Ideally price should eventually break out at the to of the triangle, however expect a retest of the lower...
Following on from my NZD/USD Long idea published a couple of days ago on a weekly chart, as NZD/USD is now trending upwards as predicted earlier to me I can see an ascending triangle just after the NFP, with my working out as seen in the chart, the price range made my he NFP could continue after the triangle breakout.
Possible Euro rally towards 2nd round or french elections.
After the breakout of this years high prices the Euro has technical and fundamental potential to continue its rally. Especially if polls are in favor of Macron.
Looking at the most recent price action I position my PTF long after a potential triangle breakout
Price currently in a symmetrical triangle. Price has stalled at the 50 EMA and now looks to have broken it. RSI looks to be moving back below the 50 mark. Waiting for the pattern break to take 80% of the MPO which coinsides with a previous strong level for me.
COPPER HG HG1 HG1! respected the Trendlines highlighted in the previous posts; on the 4-hour chart it followed the Simple Moving Average ribbon as well.
A triangle formation is being reached now.
Could be a Continuation Pattern upwards.
today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...